Cost Engineer

Cost Engineer

Reports to : Manager and / or General Manager of Cost Control (New Programs)

Responsibilities :

• Prepare cost analysis by evaluating material cost, labor cost, and overhead cost incurred in the fabrication or assembly of part / s, and when predetermined standard / s are not available, make an estimate.
• Analyzes maps, blueprints, photos, charts, and other data to estimate costs and set target cost in detail.
• Assesses cost effectiveness of products and projects to achieve target cost conferring with other functions to adjust cost estimates for effective decision making process.
• Maintain records for all related source documents pertaining to product cost, burden rates, etc.
• Conduct time studies to establish standards for labor estimates.
• Break down components from drawings and fills out "Request for Quotation" for Purchasing Department.
• Can prepare Process Design sheet for submittal to Marketing and Sales Department when necessary.
• Prepare quotations for submittal to Marketing and Sales.
• Estimate part weight and / or mold cost from drawings.
• Reviews raw materials and labor requirements for budget purposes.

Education :

Experience :

Skills :

Other :

Work Environment : This job operates in an office and manufacturing environment, and routinely uses standard office equipment. The noise level in the work environment and job sites can be loud.

Physical Demands : The employee frequently is required to sit and occasionally required to stand; walk; and reach with hands and arms. The employee may be required to lift and / or move up to 10 pounds.